Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (23634)	8/7/1998 9:45:00 PM
From: epicure	Read Replies (1) of 94695

I have worked in A bankruptcy court- and the reason there are so many bankruptcies is that credit is far, far too loose. People who are making minimum wage run up unsecured credit card debt of 10 to 25 thousand all the time. There are rooms full of debtors (imagine a little theatre) who all get discharged at once. If you are one of those odd people who doesn't carry credit card debt and who actually pays the bills, it would make you sick. It is driven by our society's citizens desire to consume at any price, and it is extremely apparent in CA, but must be prevalent everywhere.

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